DeFi Risk Coverage platform update

Ecosystem overview August 17, 2021

Hereby an update of the ecosystem in Defi risk markets. This article aims to introduce the overview landscape and share knowledge collected around several of the most major protocols.

The first weeks of August where exciting for DeFi risk covers. While the media is reporting on the largest DeFi hack in history, the appetite for alternatives to cyber security risk is immense.

Highlights

• The active cover amount of Nexus Mutual grew by $50M to $525M
• Newcomer Bridge Mutual doubled their book from $5M to $10M

Soon we will start comparing products from the different platforms. Keep an eye out for main-net launch and the monthly overviews as we will keep you updated about the latest developments in the market.

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Bright Union is launching the world’s leading aggregator and accelerator for the crypto risk markets. Our mission is to make the crypto risk markets work. On our decentralized crypto coverage platform, crypto users can cover their assets, stake and cover the community, and earn guaranteed yield through Bright Staking with embedded coverage.

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